KUALA LUMPUR, Nov 22 (Bernama) -- Amanah Saham Nasional Bhd (ASNB) unitholders are requested to update their personal at any branch or agent, if they have not done so previously.

In a statement today, ASNB, the unit trust management arm of Permodalan Nasional Bhd (PNB) said it has implemented the mandatory requirement for unitholders to update their details beginning Nov 11, 2019.

He said the unitholders will have to update their personal details, including their phone number, address, occupation and monthly income, which can only be done at an ASNB branch or agent to avoid potential fraud, especially in relation to identity fraud.

Those with myASNB portal account will also be prompted to update their personal details upon logging on to the portal.

ASNB said the move is in line with the industry regulatory requirements to ensure that personal details are kept up to date to protect personal data and transaction information.

This requirement is also aimed at ensuring that ASNB has a complete and up to date database of unitholders -- part of ASNB’s efforts to continue providing relevant products and services to unitholders.

“Unitholders who have updated their personal details will also be able to utilise the free-of-charge online facilities that we offer through the myASNB portal (,” said ASNB chief executive officer and executive director Mohammad Hussin.

He said the portal allows unitholders to make additional investments, set up automatic monthly investments via Auto Labur and view recent transactions as well as account balance.

Additionally, he said that with the updated database, ASNB will be able to detect suspicious transactions and protect the accounts.

Mohammad noted that the implementation of the personal details update programme may result in a longer transaction time at ASNB branches or agents.

“This is because our officers need to update and verify unitholders’ personal data in real- time to be approved by the unitholders themselves to make sure that there are no fraudulent activities by third-parties.

“We uphold our duty as the guardian of your investments very seriously and this exercise will ensure the highest level of protection for unitholders’ data," he added.